Equity Firm Takes Majority Stake In Tokyo Joe’s

January 6, 2014

In partnership with former Quiznos Chief Executive Greg MacDonald, private-equity firm Gridiron Capital LLC has acquired a majority stake in the Asian fast-casual chain Tokyo Joe’s. MacDonald was named CEO of the 17-year-old chain, which has 25 locations in the greater Denver area. Tokyo Joe founder Larry Leith will become chief innovation officer, leading menu development and restaurant design.